GEM Digital Limited, a digital asset investment company based in Bahama, has announced that it will increase its investment commitment in Everdome from $10 to $60 million.
However, this investment will be focused on actions to take Everdome from a visionary project to a phase of delivery and expansion.
Delighted to announce that GEM Digital Ltd. have increased their investment commitment in Everdome from $10 million to $60 million.
Priming our metaverse adventure for accelerated growth & development.🚀🏗
Discover more👉 https://t.co/AVIygWhjD5#TheJourneyHasBegun pic.twitter.com/2X0OWH5BJf
— Everdome (@Everdome_io) April 25, 2023
Jeremy Lopez Appointed CEO of Everdome
The recent change of management at Everdome, which involved the appointment of Jeremy Lopez as CEO, has played a crucial role in GEM Digital’s decision to increase its investment. Moreover, Jeremy developed the relationship with GEM during his previous role as COO. He also assisted in the partnership with Alfa Romeo F1 Team and securing OKX as a strategic partner.
GEM’s Investment to Boost Everdome’s Growth
GEM’s investment will be focused on the measures vital to take Everdome to the top level of success. This includes scalability and growth, product development, core product delivery, infrastructure boosting, and tools for users and partners.
The investment comes in a structured token subscription agreement, and Everdome will control the timing and drawdowns. At its discretion, Everdome can sale up to 200% of its average daily token volume across multiple exchanges.
Jeremy Lopez expressed his excitement about the expanded investment commitment. He stated that “it is a huge show of faith in Everdome’s concept and the capacity of the management team to scale the company across multiple fronts quickly.”
Moreover, Lopez emphasized that GEM Digital has been much more than a financial partner. In fact, they have been supportive throughout their partnership discussions and helped to open doors with new partners.
Everdome’s Future Plans
The platform has strategically leveraged and drawn down most of the initial investment commitment. That will accelerate its product offering and expand upon its initial timelines and scope.
Also, the company has completed server scaling tests of its first in-world experience with its Moon Skimmer release and upcoming full environment access for a community numbering in the tens of thousands and Mars landing experience.
GEM Digital’s investment will prime Everdome for a dynamic new era of development and growth. It will inject pace and power across the planned areas. With this investment, Everdome is well-positioned to take advantage of the opportunities presented by the rapidly growing metaverse industry.
